What’s the life of an entrepreneur in comparison to a business professional?
In any successful business, professionals seem to know exactly the right way to get things done. It seems as if they are the scholars of their time and have this innate ability to make their way through business matters with ease.
However, the newest term that appears to arise from the generation of,”Millenials” is one that is becoming more and more popular. That term would be an “Entrepreneur“.
What Is An Entrepreneur?
An entrepreneur is also a businessman or businesswoman. But, instead of working for other people, choose to work for themselves and use their own skill set to achieve goals. This means that they are building their empire for themselves.
Entrepreneur Meaning: A person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.
It’s not to say anyone can or can’t be their own boss. It’s about the amount of effort they will put into their business to achieve the goals they wish to.
- For some, it may be to ride in a luxury limo any time they decide to go out.
- Others, it may be to own some land and avoid society.
But, for most entrepreneurs, it’s simply to be their own boss. Life living under someone else’s micromanaging can get old after a while. Even when you move up in a company, there are still limitations to what of your own you can implement. Is it time to reconsider?
How To Be An Entrepreneur
Before you do anything, make sure you have achieved a level of confidence in whatever business you want to conduct.
- Have you gotten the proper education or skill set to make a professional statement about your business?
- Do you have credentials or certificates that qualify you?
- Can you come up with a business plan that suits your 1-3-5 year goals?
- Have you done market research to see if there’s a market for your business?
- If not, are you willing to do what it takes to learn to create one?
- Are you going to have people help you?
Once you have answered all of these questions and you determined that you are ready, there are some other things you need to do first.
Get A Tax ID & Business Name
The one thing that everyone hates is taxes! Unfortunately, as a business owner, you will be solely responsible for paying them. If you have employees, you also have to pay them and they submit tax forms too. More of your hard earned money right to taxes. Schisty!
So, it’s wise to start off with choosing a well thought out name for your business and getting a Tax ID from the state. Then, your business will become official and professionally licensed! Now you can conduct business!
It is a good idea to have a professional handle your taxes. Just keep a record of all of your expenses, investments, and gains.
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Check Your Local Business Regulations
Prior to starting any business or collecting any money for your services, it is important to know the laws regarding the business of your choosing.
Every city, county, municipality, and state have different laws and regulations for businesses. Most will require some form of licensing and/or insurance.
Once this is accomplished, you need to figure out if what you are trying to do is zoned for within the area. If it is, you are good to go!
For those who have an online business, you just need to make sure you use a payment processor like PayPal or Google Pay to have safe transactions that can be easily recorded.
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Design A Brand & Logo That Is Clean & Consistent With Your Name
You definitely want to have something that tells a bit about your business within the name, brand, and logo. It’s the way people recognize your business and you should make it professional, clean and keep it simple.
Choose a brand that is easy to remember or something that you can come up with hooks to draw your market in, with ease. You want to be memorable but not excessive. A perfect balance makes all the difference.
Start Putting Your Business Out There
The time has come! Now is the moment when you get to start telling people about your new business.
What will you say? Who will you tell? These are questions you should write down and answer so you can identify your target market and what you think will engage them the most.
Who will you be marketing to?:
- The Elderly
- Pet Owners
- Health Conscious Folks
- Many more!
You need to consider how to talk to these kinds of people or how to get through to them in this day in age. Perhaps you want to make something soothing and reflective for those who are looking for a solution to a problem. Your service or product is the solution!
Maybe you want to offer something for fans and certain types of people. Make sure you keep your marketing close to home with them so they feel like your product connects with them.
Platforms For Effective Marketing
Have yourself a website so that the world can see what you are doing. How else can you reach thousands of people at once? The internet!
When you have a business, whether local or international, nationwide or online, you’re going to want people to be able to:
- See it
- Search it
- Easily access your contact information
- View your services
- Book appointments
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Social media can be your best friend if you get to know it well. You can utilize the many benefits of social media and bring loads of traffic to your business.
Some of the most popular social media platforms to use for business are:
Each of these has their own purpose for use and can bring awareness to your company in a variety of ways.
Pro Tip: Quik is a great video making software for mobile phones. Adobe Spark Post is wonderful for posts and ads.
Business professionals have a lot of work to do, as do entrepreneurs. Now that you have a good idea on how to become an entrepreneur, do you think you could make a substantial professional business of your own?
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